Telluride · Median Home Value $2,200,000

Buying a Telluride Home? Your Financing Strategy Matters More Than Your Offer Price.

With a median home value of $2,200,000, Telluride rewards buyers who lead with financing certainty. Bobby Friel is a licensed mortgage broker who structures your loan to win, close on time, and save you money.

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Build Your Buying Strategy Check Your Affordability

🔒No Credit Impact for Pre-Approval✅FHA 3.5% Down · VA 0% Down · Conventional 5% Down🏦Multiple Lenders Compete for Your Loan⚡Pre-Approval in 24 Hours💰Bobby Finds Your Best Rate🏠Licensed Mortgage Broker + Real Estate Agent

Real Stories

Telluride Buyers Who Won With the Right Financing

💼THE WEALTH ADVISOR

Wealth advisor buying Mountain Village estate. NYC-based, annual income $1.5M+. Bobby structured jumbo financing on $3.2M in Mountain Village — 25% down. Second-home program with competitive jumbo rate. Ski-in/ski-out property. Bobby coordinated with the buyer’s financial advisor to structure the financing alongside their portfolio strategy.

💵 25% jumbo ($800,000)🏠 Mountain Village⛷️ Ski-in/ski-out✅ Second-home program

🏔️THE OPHIR ADVENTURERS

Adventure couple choosing Ophir for value in the Telluride corridor. Both climbing guides, combined income $140K. Telluride town at $2.8M was out of reach. Bobby showed them Ophir at $1.2M — jumbo at 15% down. 15-minute drive to Telluride, same San Miguel County. They saved over $1.5M compared to town.

💵 15% jumbo ($180,000)🏠 Ophir💰 $1.5M+ less than town✅ Same county, real value

Build Your Buying Strategy

These are illustrative examples based on typical Telluride scenarios. Actual terms depend on credit, income, and market conditions.

"Most buyers think the offer price wins the house. It doesn't. The certainty of your financing wins the house. When a listing agent sees a pre-approval from a broker who also holds a real estate license, they know the financing has been evaluated by someone who understands both sides."

Bobby Friel

CO Home Equity · Founder

Affordability Guide

What Can You Actually Afford in Telluride?

Neighborhood	Median Price	5% Down	10% Down	20% Down	Est. Monthly
Town of Telluride	$2.8M	$140,000	$280,000	$560,000	$15,400–$18,200
Mountain Village	$3.5M	$175,000	$350,000	$700,000	$19,250–$22,750
Ophir	$1.2M	$60,000	$120,000	$240,000	$6,600–$7,800
Sawpit	$850K	$42,500	$85,000	$170,000	$4,675–$5,525

Monthly payments estimated at current rates including taxes and insurance. Your actual payment depends on credit score, loan type, and property taxes for your specific address.

Check Your Exact Affordability Build Your Buying Strategy

Loan Programs

Telluride Loan Programs — Which Fits Your Situation?

🏠

Conventional

5% down · Best rates at 740+

5% minimum down. Best rates for 740+ credit. No mortgage insurance at 20% down. Ideal for Telluride buyers with strong credit and savings.

🏛️

FHA

3.5% down · 580+ credit

3.5% down with 580+ credit. More flexible DTI limits (up to 50%). Ideal for first-time Telluride buyers who want to get in with minimal cash.

🎖️

VA (Veterans)

0% down · No MI

0% down for eligible veterans and active military. No mortgage insurance. The strongest loan program available if you qualify.

💎

Jumbo

Above conforming limit

For Telluride homes above the conforming loan limit. Bobby matches you with jumbo lenders who understand Colorado’s market.

Avoid These Pitfalls

5 Mistakes Telluride Buyers Make With Their Financing

Going to one bank for pre-approval

One bank, one rate, one set of terms. Bobby runs your profile across our entire lending network. Multiple lenders compete. The difference on a Telluride mortgage can be $150+/month — that’s $54,000 over 30 years.

Getting pre-qualified instead of pre-approved

Pre-qualification is a guess. Pre-approval is verified — income, assets, credit all confirmed. In Telluride’s market, sellers and listing agents know the difference. A pre-approval letter from a broker carries weight that a pre-qualification doesn’t.

Thinking you need 20% down

The average Colorado first-time buyer puts down 6–8%. FHA allows 3.5%. VA allows 0%. Don’t wait 5 years to save 20% while Telluride home values climb every year.

Not getting pre-approved BEFORE looking at homes

Your agent shows you homes at $650K. You fall in love. Then you find out you qualify for $575K. The heartbreak is avoidable — get pre-approved first, then look.

Not considering a HELOC on your current home for the down payment

If you already own a home, a HELOC can fund the down payment on your next home — letting you buy before you sell. No bridge loan. No contingent offer.

Build Your Buying Strategy

The Process

How Bobby Gets You Into the Right Telluride Home

🏠Tell Me What You’re Looking For

Fill out a short form with your basics — timeline, budget range, areas you’re interested in. I review everything personally.

📊I Build Your Buying Power Profile

Before our first conversation, I’ve already run your pre-approval numbers. I know what you qualify for, what your monthly payment looks like at different price points, and which loan type fits your situation.

🗺️Strategy Call — Not a Sales Pitch

A 15–30 minute video call where I walk you through your real buying power. Not just “you’re pre-approved for $X” — but what that means in practice across neighborhoods.

🏦I Match You With the Right Lender

One application. I run your profile across our lending network and bring you the best rate and terms. You never call a bank.

🔑One Team Through Closing

From pre-approval to keys in hand — mortgage coordinated with your real estate agent, insurance reviewed through our partner. No miscommunication between three separate professionals.

Your New Telluride Home Needs Proper Coverage Before Closing

Proof of homeowners insurance is required before any mortgage closes. Through Direct Insurance Services, we compare 30+ carriers so you're covered and not overpaying before your closing date.

Get Your Free Insurance Review →

Already Own a Telluride Home? More Ways We Can Help

🏠

Telluride HELOC

Access your Telluride equity without refinancing.

Learn More

🏔️

Telluride Reverse Mortgage

Age 55+? Access equity with no monthly payments.

Learn More

💔

Divorce & Real Estate

Going through a divorce? One team handles everything.

Get Help

🧮

Affordability Calculator

See what you can afford in Telluride.

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FAQ

Telluride Home Buying Questions — Answered

At $2.2M, you’re well into jumbo territory. Expect 20–30% down ($440,000–$660,000), 720+ credit score, and 12+ months of reserves. Bobby works with jumbo lenders who specialize in luxury mountain properties and compete on rate for San Miguel County.

Town of Telluride at $2.8M median requires 20–30% down — that’s $560,000–$840,000. Mountain Village at $3.5M is $700,000–$1,050,000 down. Ophir at $1.2M and Sawpit at $850K offer lower entry points at 15–20% down. Bobby structures the program around your price point.

Primary residence rates are typically 0.25–0.50% lower than second-home rates. On a $2.2M jumbo, that difference saves $5,500–$11,000 per year in interest. Most Telluride buyers are second-home purchasers, but Bobby structures primary residence financing for those who qualify.

San Miguel County property taxes run about 0.4–0.5% of assessed value. On a $2.2M home, expect roughly $8,800–$11,000 per year. Bobby includes taxes in every payment calculation so the numbers are accurate from the start.

Mountain Village median is $3.5M — 25% above Town of Telluride at $2.8M. Mountain Village offers ski-in/ski-out access and newer construction. Town of Telluride has walkability, historic character, and Main Street proximity. Bobby runs the numbers on both so you can see the real cost difference.

Both the Town of Telluride and Mountain Village have specific STR licensing requirements, zoning restrictions, and tax obligations. Mountain Village has its own governance and rules. Bobby factors rental income realistically into financing based on the specific location’s regulations.

Typically 35–50 days for high-balance jumbo financing. Luxury properties require specialized appraisals, and comparable sales in Telluride can be limited. Bobby builds the timeline before you write an offer — in Telluride’s market, financing certainty separates serious buyers from tire-kickers.

Ophir ($1.2M median) is 15 minutes from Telluride. Sawpit ($850K) is in the same corridor. Both are in San Miguel County. You’re saving $1.5M+ compared to Town of Telluride. Bobby helps buyers in the Telluride corridor find the right balance between proximity, lifestyle, and budget.

Telluride's Market Rewards Prepared Buyers. Let's Get You Prepared.

Pre-approval in 24 hours. Multiple lenders competing for your loan. One team from strategy call to keys in hand.

No credit impact to get started. No obligation.